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Market Snapshot

CAGR:5.91

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	5.91

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Report Overview

The Neuromorphic Chips Market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 19.93% between 2022 and 2032. The market size is expected to increase by USD 9.26 billion during this period. Neuromorphic chips, inspired by the human brain's structure and function, are revolutionizing artificial intelligence (AI) and machine learning applications.

Neuromorphic Chips Market Overview:

Drivers:

The growing demand for AI and machine learning solutions, along with the need for energy-efficient and high-performance computing, is driving the expansion of the Neuromorphic Chips market. Neuromorphic chips mimic the parallel processing and low power consumption of the human brain, making them ideal for AI tasks like image and speech recognition.

Moreover, the integration of neuromorphic chips in robotics, autonomous vehicles, and edge computing devices is contributing to market growth. Neuromorphic chips enable real-time decision-making and improved sensory perception in these applications.

Trends:

A significant trend in the market is the development of spiking neural networks (SNNs) and neuromorphic hardware that supports SNNs. SNNs enable event-driven, brain-like processing, suitable for tasks such as pattern recognition and sensor data analysis.

Furthermore, the market is witnessing collaborations between neuromorphic chip manufacturers and AI software developers to optimize hardware and software interactions, improving AI model performance.

Restraints:

Challenges such as limited software support and the complexity of neuromorphic chip programming pose obstacles in the market. Neuromorphic chips require specialized software and expertise, limiting their widespread adoption.

Additionally, achieving compatibility with existing AI frameworks and applications is a challenge that needs to be addressed.

Neuromorphic Chips Market Segmentation by Application: The Robotics and Autonomous Systems segment is anticipated to witness significant growth during the forecast period. Neuromorphic chips enhance robotic perception, decision-making, and motor control, contributing to advancements in autonomous vehicles and industrial automation.

Neuromorphic Chips Market Segmentation by End-User: The Aerospace and Defense segment remains relevant for neuromorphic chips in applications such as drone navigation, image analysis, and threat detection. Neuromorphic chips improve the efficiency and autonomy of aerospace and defense systems.

Regional Overview:

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North America is projected to contribute significantly to the global Neuromorphic Chips market, accounting for 40% of the market share during the forecast period. The region's strong AI ecosystem, research institutions, and government investments drive market demand.

Furthermore, North America's emphasis on neuromorphic chip applications in autonomous vehicles, robotics, and healthcare aligns with the growing trend of integrating brain-inspired computing for enhanced AI capabilities.

In 2020, the Neuromorphic Chips market experienced growth as organizations invested in AI and edge computing solutions for improved decision-making and real-time data analysis, even in remote or resource-constrained environments.

Neuromorphic Chips Market Customer Landscape: The market report analyzes the adoption lifecycle, ranging from early adopters to late adopters. It examines adoption rates across different user demographics, considering factors such as industry, application, and region. The report also explores key criteria influencing Neuromorphic Chips adoption and user satisfaction.

Major Neuromorphic Chips Market Companies: Key players in the Neuromorphic Chips market are implementing strategies such as developing specialized AI software, expanding application domains, and collaborating with AI research organizations to maintain their market presence.

Some major players include:

Intel Corporation (Loihi)
IBM Corporation (TrueNorth)
BrainChip Holdings Ltd (Akida)
Knowm Inc. (Thermodynamic RAM)
General Vision Inc. (NeuroMem)
Numenta Inc. (Grok)
Qualcomm Technologies, Inc. (Snapdragon)
Applied Brain Research Inc. (Nengo)
Brainware LLC (CogniMem)
Hewlett Packard Enterprise Development LP (The Machine)

The research report provides a comprehensive competitive landscape analysis of 20 market companies, evaluating their strengths, weaknesses, and strategic approaches. The analysis categorizes companies based on their market focus and dominance.

Segment Overview:

The Neuromorphic Chips market report forecasts revenue growth globally, regionally, and at the country level. It analyzes trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Billion, 2019 - 2032)

Robotics and Autonomous Systems
Vision and Hearing Sensors
Data Analysis
Signal Processing
Others

End-User Outlook (USD Billion, 2019 - 2032)

Aerospace and Defense
Healthcare
Automotive
Industrial
Consumer Electronics
Others

Geography Outlook (USD Billion, 2019 - 2032)

North America

U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan
India
Australia

South America

Brazil
Argentina
Rest of South America

Middle East & Africa

UAE
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Neuromorphic Chips MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Neuromorphic Chips MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Neuromorphic Chips Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Neuromorphic Chips Of Suppliers

4.5.2. Neuromorphic Chips Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Neuromorphic Chips MARKET BY Type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Type 1

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Type 2

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Type 3

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Neuromorphic Chips MARKET BY End use INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Aerospace & Defense

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Industrial Automation

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Consumer Goods

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Neuromorphic Chips MARKET REGIONAL OUTLOOK

7.1. Neuromorphic Chips Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027 (USD Million)

7.2.2. North America Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Neuromorphic Chips Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Neuromorphic Chips Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Neuromorphic Chips Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Neuromorphic Chips Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Neuromorphic Chips Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 BRAIN CORP

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 GENERAL VISION

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 HEWLETT-PACKARD ENTERPRISE

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 HRL LABORATORIES

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 IBM CORPORATION

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 INTEL CORPORATION

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 LOCKHEED MARTIN CORPORATION

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 QUALCOMM TECHNOLOGIES

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 SAMSUNG ELECTRONICS CO., LTD

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 SK HYNIX

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Neuromorphic Chips Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032